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13. A jeweller bought an engagement ring for €1200 and

sold it at a profit of 15%.
Find the sale price of the ring.​

User Bbarnhart
by
4.5k points

2 Answers

3 votes

Answer:

€ 1380

Explanation:

The jeweller bought the ring for €1200 and got a profit of 15% when he sold it. That means,


= (15)/(100) * 1200 \\ = 180

he got €180 more money (which is equivalent to 15% of the portion of the money that he originally paid for the ring).

So, the selling price (the new price of the ring) would be:

= Original price + profit

= €1200 + €180

= €1380

User Bonyem
by
4.6k points
2 votes

Answer:

CP of ring = 1200

profit % = 15%

Profit amount = 15% 0f 1200 = 180

SP = 1200 + 180 = 1380

User Abudis
by
4.7k points